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Farm activities most likely to receive government funding
There are roughly 80 government funding programs available under the Canadian Agricultural Partnership (CAP). Most farmers and agriculture processors are aware of the grants available, but many choose not to apply due to the labour intensive nature of the application process. Others aren’t aware that their activities are eligible for funding.
Nov 7, 2018
Farm Series ( use going forward)
Validity of multiple will planning
An Application for a Certificate of Appointment of an Estate Trustee with a Will, or more commonly referred to as probate, is the process whereby the Court certifies that an individual’s will as their valid last will and testament. Additionally, the process also validates the executor’s authority as given under the will.
Sarah Netley Oct 31, 2018
130 PEOPLE
Tax advisory
Bitcoin mining: CRA interpretation under fire
This article discusses virtual currency and virtual currency mining. We refer to these generally as “bitcoin” and “bitcoin mining,” as bitcoin is the most common virtual currency.
Oct 26, 2018
06 CONSTRUCTION
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Business advisory services Tax advisory
Infographic: New funding opportunities
The Canadian Agricultural Partnership (CAP) launched on April 3, 2018. This five-year federal and provincial initiative is designed to strengthen agriculture, agri-food and other agri-based businesses across Canada. While some provinces are fine-tuning their agreements, CAP in Ontario has been implemented to provide funding in order to boost competitiveness, prosperity and sustainability within the agricultural sector.
Craig Hoover Oct 25, 2018
Publications-Infographic: New funding opportunities
Re-examine your assumptions with timely advice
As the latest Lawyers Alert makes clear, the legal profession navigates a wide range of issues – including cybersecurity, compensation plans, marketing and demographics – that don’t always come to mind when we think of this complex industry.
Oct 24, 2018
Birdseye view of a dense, green forest.
Reviewing the pros and cons of AgriStability
AgriStability is a program that provides financial protection to farmers in the event that their margin drops compared to the prior year of production. In essence, this is a financial safety net for farmers: they receive payments when their net income drops below 70 per cent of their reference margin, which is determined by averaging their net income over five years after eliminating the highest and lowest years. In many cases, the benefits of the program are worth the time and expense required to participate, but earlier this year, changes were introduced that may affect the program’s relevance to your farm operation. With that mind, here is a closer look at the pros and cons of AgriStability.
Oct 10, 2018
Farm Series ( use going forward)
Business advisory services Transaction services Valuations Audit and accounting Private enterprise Indirect tax Tax advisory
Farm corporations: you don’t need to “go all in”
Accountants regularly advise of the tax and accounting benefits available to corporations. But there remain some producers who are reluctant to take the next step and incorporate their farm operations. With some recent harvest reports of higher than average yields, it is time once again to look at the pros and cons of incorporating.
Sep 21, 2018
02 AR
Don’t dive into the shallow end of the TOSI income pool
In recent Tax Alerts we discussed the tax on split income (TOSI), which limits income-splitting techniques involving private corporations by taxing amounts received at the highest marginal tax rate. The rules are complex and, to date, the Canada Revenue Agency (CRA) has provided only limited guidance on their application.
Tony Alberton Sep 17, 2018
48 PEOPLE
International Tax advisory
Infographic: U.S. taxes for American citizens living abroad
In December 2017, U.S. lawmakers passed the Tax Cuts and Jobs Act, the most comprehensive U.S. tax reform in more than 30 years. This infographic offers a basic guide to recent changes that may be applicable to U.S. citizens living abroad.
Sep 12, 2018
Publications-Infographic: U.S. taxes for American citizens living abroad
How to remain compliant when not acting at arm’s length
For tax purposes, the Canadian Revenue Agency requires businesses to complete all transactions at fair market value, but some businesses find themselves making special arrangements with family, friends or others. By not acting at arm’s length, they may wind up with understated revenue, overstated expenses and/or unrecorded tax liabilities. Any error in this area is subject to reassessment, which can be an extremely expensive process.
Sep 12, 2018
47 PEOPLE
Tax advisory Succession and estate planning
Tax-deferred capital distributions from discretionary family trusts
Discretionary family trusts are used extensively for tax, family and succession planning, as they afford enormous flexibility. In most cases, when such trusts are created, beneficiaries do not pay for their interest, and this assumption is made herein. Once a trust is settled, it will exist until all the assets are distributed to the beneficiaries and the trust is wound up. 
Bill Crowther Aug 30, 2018
117 PEOPLE
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